The Inverted Head and Shoulders
Today’s action reminds me of a Willie Nelson song entitled “‘The Last Thing I Needed The First Thing This Morning’ … was to have you walk out on me.”
Most of us technicians are familiar with a cup with handle formation but what about the MUG WITH HANDLE?
Oil (USO) is shooting up from the ground. Kind of reminds me of the Beverly Hillbillies.
Traders are notorious for looking at the past as a projection of the future, yet miss the present claiming it can’t be so again.
